SIR KEIR STARMER, 57, was today announced as the new Labour leader as he takes over from Jeremy Corbyn, 70. How much money does the former barrister have? This is Sir Keir's net worth explained.

Sir Keir Starmer was today revealed as Jeremy Corbyn’s successor when he was elected as the next Labour Party leader. Sir Keir was the favourite to win so the news may not come as a surprise. But how wealthy is the new opposition leader? This is Sir Keir's net worth.

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He told BBC Radio 4's Today programme in December: “My dad worked in a factory, he was a toolmaker, and my mum was a nurse, and she contracted a very rare disease early in her life that meant she was constantly in need of NHS care.

“So, actually, my background isn’t what people think it is - I know what it’s like.

“I actually never had been in any workplace other than a factory until I left home for university. I'd never been in an office.

"So the idea that somehow I personally don't know what it's like for people across the country in all sorts of different circumstances is just not borne out."

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Today, Sir Keir pledged to work together with the British Government through the coronavirus pandemic minutes after being confirmed as the new leader of the Labour Party.

Sir Keir secured a victory in the first round of voting after a three-month contest against Rebecca Long-Bailey and Lisa Nandy.

The new Labour Party leader urged the country to come together across the political divide during this crisis as he also pledged to ensure Labour voters who felt abandoned in the past few years are heard again.